White & Case Advises Salini Impregilo on €513.3 Million Institutional Share Placement
Global law firm White & Case LLP has advised Salini Impregilo S.p.A., as issuer, and Salini Costruttori S.p.A., as selling shareholder, on the US and UK law aspects of its €513.3 million share placement to institutional investors of Salini Impregilo S.p.A.'s shares.
The placement consisted of a primary sale of newly issued Salini Impregilo shares for approximately €165.5 million and a secondary sale of existing Salini Impregilo shares for approximately €347.8 million. The shares were sold by Salini Costruttori S.p.A., the principal shareholder of Salini Impregilo. The overall value of the transactions was approximately €513.3 million, not including the overallotment option granted to the underwriters.
Salini Impregilo is a global player in heavy civil engineering and construction, specializing in large scale, complex infrastructure projects throughout the world. It is the largest construction company in Italy.
The White & Case team was led by partners Michael Immordino (Milan & London), Ferigo Foscari (Milan) and Nicholas Lasagna (Milan) with support from associates Derin Altan (London), Angelica Longanesi Cattani, Andrea Graziani (all Milan) and lawyers Luca Bertazzo, Luca Bella and Francesca Barra (all Milan).
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